Jilk Inc'S Contribution Margin Ratio Is 58% and Its Fixed Monthly

question 55

Multiple Choice

Jilk Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000.Assuming that the fixed monthly expenses do not change,what is the best estimate of the company's net operating income in a month when sales are $103,000?

• A) $23,740
• B) $59,740
• C) $67,000
• D) $7,260

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